Ambani is followed by London-based steel baron L N Mittal with assets of USD 15.9 billion.
JSW Steel has approved the merger of the debt-laden steel firm JSW Ispat (erstwhile Ispat Industries) with itself on Saturday.
Joining the likes of NR Narayana Murthy and Azim Premji to blame the Indian government for policy inaction, UK-based NRI billionaire LN Mittal has said the country is potentially condemning millions to remain in poverty by not helping industrialisation.
After conducting meetings at Brazil, China and Russia, Goldman Sachs is now in India to complete its BRIC trip, of course, with South Africa being the new entrant. For the very 1st time, Goldman Sachs' global board, led by Lloyd Blankfein, is meeting for a quarterly review here in Mumbai, reports Krithika Saxena of CNBC-TV18.
State-owned Hindustan Petroleum Corp Ltd (HPCL) is in talks with BP Plc and Total SA of France to revive the stalled USD 10 billion refinery-cum- petrochemicals project at Vizag in Andhra Pradesh.
LN Mittal to acquire majority stake in Petron Engineering's parent company triggering a 20% open offer. In an interview with CNBC-TV18, TS Das, MD, Petron Engineering Construction says, LN Mittal’s involvement will be good for the company.